ADA currently sits at the 11th most valuable cryptocurrency on the market, well below its all-time high of $3.09 reached on September 2, 2021. However, other indicators show Cardano’s remarkable performance, particularly in terms of development. This article explores how Cardano has outperformed Ethereum in a key category, illustrating its resilience and continued growth despite a mixed market.
Cardano Surpasses Ethereum in Development
December 2023, Cardano was already back at the top of the Top 10 assets with “notable GitHub activities”. 8 months later, the blockchain issuing the crypto ADA, recently made a spectacular jump in Development activity rankingseven surpassing Ethereum.
According to a report from decentralized data platform Santiment, Cardano now ranks third among cryptocurrencies with the highest level of development activitywith an impressive score of 452.85.
This progress is the result of multiple ongoing development projects, including the famous “Chang” update which promises to strengthen the security and stability of the Cardano blockchain.
Davea Cardano development enthusiast, revealed that over 66% of blocks have been created on a version ready for the “Chang” hard fork, as part of intensive preparation, a sign that the launch of this update is imminent.
This rise of Cardano not only demonstrates its ability to innovatebut also to get ahead of a giant like Ethereum in a struggling market context.
ADA, a growing crypto
Cardano’s development success doesn’t stop there. The ADA crypto has also seen a slight improvement in its price performance, with an increase of 14.41% over the past week.
While the value of ADA currently stands at around $0.33, its trading volume jumped 49.66% over 24 hoursreflecting a renewed interest in this cryptocurrency.
This performance, while modest compared to previous highs, shows that Cardano continues to appeal to investors. The general sentiment around ADA remains optimistic, with some analysts like Javon Marks even foreseeing a possible rise to $5 in this bull cycle.
- 452.85: Cardano's development score in August, surpassing Ethereum.
Cardano, a constantly evolving ecosystem
The Cardano blockchain is not just improving its technical capabilities; It also strengthens its global ecosystem. Recent developments include not only software updates, but also initiatives to improve platform governance.
This puts Cardano in a unique position to take advantage of future developments in the cryptocurrency market.
There methodology used by Santiment to assess development activity, based on GitHub events rather than the number of commits, offers a fairer perspective of developers' actual contributions.
This approach revealed that Cardano stands out for the quality of its developmentdespite an overall context of intense competition in the crypto sector. Thus, Cardano is not just following the wave, it is creating its own.
As a reminder, at the beginning of August, Cardano demonstrated its strength by reaching a record volume of transactions, proof that this crypto is still far from having said its last word.
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